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in the sand like an ostrich. we saw on the "washington post" an article, obama administration pushes banks to make home loans to people with weaker credit. a frequent guest on my program said that would open the flood gates to risks and send us back to the path we were just trying to recover from. really? listen. young people, maybe it's better to rent for a while. when i was young, rates were 15%, 16%, you rent for a while. we don't need more tampering. it didn't work out the first time. back to you, david. >> it certainly did not, mr. santelli. what words of advice would they give for the smart phones today? tweet us and we'll air your responses next. welcome to the new new york state. what's the "new" in the new new york? a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, new jobs, now that's
this is a washington, and that's why i blame this number on them. >> do you think this is a sequester effect? the payroll tax and the increase for the rich. >> this as president obama gets set to announce his budget proposal this week. let's bring in john harwood. >> reporter: good morning, david. this jobs number will play directly into the political arguments as jim cramer suggested, and as jan hatzius suggested a moment ago when he talked about how sequester may have had a modest effect on this jobs number, but it will have more over time. that matches what president obama has said over and over including at this press briefing earlier this year. >> the longer these cuts remain in place the greater the damage to our economy. slow grind that will intensify with each passing day. and then right on cue, alan krueger, he ratcheted up that criticism of washington echoing jim cramer. >> the economy's continuing to heal. what we need to do in washington is avoid self-inflicted wounds. most importantly, they y isequ, the congressional budget office estimates it will reduce job growth by 750,000
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